About Aspire App
Aspire App is a company based in Singapore (Singapore) founded in 2018 by Andrea Baronchelli, Giovanni Casinelli, and Joel Leong.. Aspire App has raised $200.56 million across 6 funding rounds from investors including Tencent, Lightspeed Venture Partners and LGT Capital Partners. Aspire App operates in a competitive market with competitors including INFT and EVVA Finanzas, among others.
- Headquarter Singapore, Singapore
- Founders Andrea Baronchelli, Giovanni Casinelli, Joel Leong
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$200.56 M (USD)
in 6 rounds
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Latest Funding Round
$100 M (USD), Series C
Feb 14, 2023
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Investors
Tencent
& 24 more
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Employee Count
Employee Count
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Funding Insights of Aspire App
Aspire App has successfully raised a total of $200.56M across 6 strategic funding rounds. The most recent funding activity was a Series C round of $100 million completed in February 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series C — $100.0M
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First Round
First Round
(01 Jun 2018)
- Investors Count 25
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2023 | Amount | Series C - Aspire App | Valuation | Lightspeed Venture Partners , Peak XV Partners | |
| Sep, 2021 | Amount | Debt – Conventional - Aspire App | Valuation |
investors |
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| Sep, 2021 | Amount | Series B - Aspire App | Valuation | DST Global , CE Innovation Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Aspire App
Aspire App has secured backing from 25 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Tencent, Lightspeed Venture Partners and LGT Capital Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners.
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Founded Year | Domain | Location | |
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Venture capital firm focused on early stage healthcare, renewable energy, real estate, finance, and multiple businesses
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Founded Year | Domain | Location | |
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Corporate-backed venture capital fund
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Aspire App
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Aspire App
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Aspire App Comparisons
Competitors of Aspire App
Aspire App operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as INFT and EVVA Finanzas, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Digital banking services are offered to businesses via mobile apps.
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| domain | founded_year | HQ Location |
Digital banking services are offered to startups and businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Aspire App
Frequently Asked Questions about Aspire App
When was Aspire App founded?
Aspire App was founded in 2018.
Where is Aspire App located?
Aspire App is headquartered in Singapore, Singapore.
Who is the current CEO of Aspire App?
Andrea Baronchelli is the current CEO of Aspire App. They have also founded this company.
Is Aspire App a funded company?
Aspire App is a funded company, having raised a total of $200.56M across 6 funding rounds to date. The company's 1st funding round was a Series B of $58.56M, raised on Jun 01, 2018.
What does Aspire App do?
Aspire was founded in 2018 in Singapore as a digital bank targeting businesses. Current accounts, NFC-enabled prepaid cards, money transfers, and cash withdrawals are provided through a mobile app available on Android and iOS. A business line of credit is extended, along with financial tools designed for SMEs to address cash flow and working capital requirements. Operations are centered in the fintech sector across Southeast Asia.
Who are the top competitors of Aspire App?
Aspire App's top competitors include INFT and EVVA Finanzas.
Who are Aspire App's investors?
Aspire App has 25 investors. Key investors include Tencent, Lightspeed Venture Partners, LGT Capital Partners, Peak XV Partners, and Picus Capital.